Αποτελέσματα Αναζήτησης
ents or custody assets. A safe custody investment is, in summary, a designated investment which a firm receives or hold. on behalf of a client. Custody assets include designated investments, and any other assets that the firm holds or may hold . ....................... Business. ....................... Termination of title transfer.
under CASS 6.3(Depositing assets and arranging for assets to be deposited with third parties); (3) any other third party, if the firm is not a trustee firm but is prevented
Subject to CASS 6.2.3A-1R, a firm must effect appropriate registration or recording of legal title to a safe custody asset belonging to a client in the name of: the firm has notified the client if a professional client, or obtained prior written consent if a retail client.
Assets Under Custody means (i) for the Company, Client Assets as disclosed in the Company’s SEC filings, using the methodology in effect as of the date of this Agreement, and (ii) for the Stockholder, the aggregate assets under custody by the Stockholder in connection with the provision by its U.S. legal entities of (A) securities brokerage ...
including rights which arise under general law rather than as a contractual provision. It may also require firms to consider the impact of foreign law where assets are held outside the UK, for example, under an overseas sub-custody arrangement.
13 Μαρ 2023 · You must follow rules set out in the Client Assets Sourcebook (CASS) whenever you hold or control client money or safe custody assets as part of your business. This is to keep client money and assets safe if firms fail and exit the market.
The rules apply to custody assets, which include safe custody investments (which are designated investments which a firm receives or holds on behalf of a client), and any other assets that are held in the same portfolio as safe custody investments for the same client.
